Harbor City School Incorporated

Analysis

Harbor City School Incorporated is a registered charity in United States, based in East Boston, MA. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Harbor City School Incorporated reported income of $654k and spending of $555k, spending 85% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $412k to $654k (+59%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 81%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harbor City School Incorporated sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Carolina Christian Academy of Hayesville Inc ($654k), Kansas Families and Schools Together Inc ($654k) and Granite Classical Tutorials Inc ($653k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Other salaries and wages came to $322k. At year end it held assets of $222k against liabilities of $68k, net assets of $154k. It reported 8 employees.